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Multivariate forecasting in rapidminer
Hello,
I am fairly new to Rapidminer and data science in general.
I am working on a small project in context of a postgraduate and I would like to build a time series model on monthly consumption data (dataset 1) but I would like to add another external source (dataset 2), also monthly aggregated, which influences the consumption.
I have seen this is called multivariate forecasting but how could I build such a model in Rapidminer?
Thanks beforehand,
Bart
I am fairly new to Rapidminer and data science in general.
I am working on a small project in context of a postgraduate and I would like to build a time series model on monthly consumption data (dataset 1) but I would like to add another external source (dataset 2), also monthly aggregated, which influences the consumption.
I have seen this is called multivariate forecasting but how could I build such a model in Rapidminer?
Thanks beforehand,
Bart
0
Answers
I think that one solution is :
- FIRST to join your 2 datasets.
- THEN to use the Windowing operator to transform your time series problem into a "classic" Machine Learning problem.
To see and understand how to proceed, I encourage you to see the pedagogic video of @tftemme about the Windowing operator
in the RapidMiner Academy :
https://academy.rapidminer.com/learn/video/using-windowing-on-time-series-data?utm_source=studio
Hope this helps,
Regards,
Lionel
Here are 2 Time Series webinars for your reference.
https://rapidminer.com/resource/time-series-foundations/
https://rapidminer.com/resource/advanced-time-series-forecasting/
Cheers,
Pavithra